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Wall Street closes higher as financials gain

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Reuters NEW YORK
Last Updated : May 03 2016 | 1:48 AM IST

NEW YORK (Reuters) - U.S. stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals.

The Dow Jones industrial average rose 117.52 points, or 0.66 percent, to 17,891.16, the S&P 500 gained 16.09 points, or 0.78 percent, to 2,081.39 and the Nasdaq Composite added 42.24 points, or 0.88 percent, to 4,817.59.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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First Published: May 03 2016 | 1:35 AM IST

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